Special situation from BSE disclosures
KD Green Industries Ltd · BSE 512595 · market cap ≈ ₹348 Cr at last filing
Formerly known as Manbro Industries Ltd

Promoter-engineered reverse merger into listed shell: KD Group funnels private flagship via large preferential allotment, opaque non-promoter bloc holds 24.37% near open-offer threshold, ₹15 Cr deployed into shell subsidiary now confirmed executed

Tracking since 2025-05-29 · 30 filings analysed · last filing 2026-08-29 · analysis updated 2026-08-30
AccumulationPromoter transitionTransformation · detected 2026-05-02Capital infusion · detected 2026-05-31
Triggering filing 2025-09-03 · stock -16% since
Who's involved: Dinesh Pareekh · Dilip Kumar Goenka · Prakash Chandra Pareek — full analysis of all actors on the Bench →
Closing price since 2025-09-03
Daily closes, adjusted for splits and bonuses · 2025-09-03 → 2026-10-05 · ₹56.6 → ₹47.7
Read the full situation analysis — who's involved, where the facts lean, what happened next
The full analysis names the people and entities involved with their documented history, shows where the filed facts lean for minority shareholders, and keeps tracking the situation as new filings arrive.
Filing timeline (from BSE disclosures)
2026-08-29Acquisition
2026-08-12Acquisition
2026-06-09Restructuring scheme
2026-06-02Significant shareholder — stake change
2026-06-02Significant shareholder — stake change
2026-06-02Significant shareholder — stake change
2026-06-02Significant shareholder — stake change
2026-05-30Preferential allotment
Common questions (from the filings record)
What special situation is unfolding at KD Green Industries Ltd?
Promoter-engineered reverse merger into listed shell: KD Group funnels private flagship via large preferential allotment, opaque non-promoter bloc holds 24.37% near open-offer threshold, ₹15 Cr deployed into shell subsidiary now confirmed executed. Based on 30 BSE filings analysed; last filing 2026-08-29.
Who is involved at KD Green Industries Ltd?
People named in the analysed filings include Dinesh Pareekh, Dilip Kumar Goenka and Prakash Chandra Pareek.
When did Special Situations Bench first flag KD Green Industries Ltd?
The triggering filing was on 2025-09-03. The stock has moved -16% since, adjusted for splits and bonuses. Winners and losers are shown alike — this is not a recommendation.
What patterns have been detected at KD Green Industries Ltd?
Detected patterns: Transformation (2026-05-02); Capital infusion (2026-05-31).
What flagged situations did next — a young track record
68%
of 72 flagged situations whose first 90 days completed were higher after the triggering filing
+10.3%
median 90-day move (mean +36.6%)
1 in 14 >2×
of 1,138 situations in a 2023–25 hindsight scan at least doubled within a year
Observational record, not performance of any portfolio. Live figures from 1 March 2026, measured as of 9 September 2026; the one-year set was identified in hindsight and is labelled as such. Moves are closing-price changes adjusted for splits and bonuses. Past movement does not indicate future movement.
What the Special Situations Bench is
The Bench scans every BSE corporate disclosure daily for event-driven special situations in Indian small- and micro-cap stocks — preferential allotments, open offers, changes of control, reverse mergers, accumulation by notable investors, debt settlements, capacity expansion and more.
Situations are flagged as the filings cluster — before they become stories — and every flagged situation is tracked against what the stock did next, winners and losers alike.
The full analysis connects the dots: what the filings add up to, the people and companies involved — with their documented history and a connections graph of how they link across other listed companies — and where the facts lean for minority shareholders.
About the Special Situations Bench →
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